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SBLI life insurance review 2022

This low-cost insurer fast tracks underwriting for eligible applicants — but its lineup is limited.'s rating: 4.5 / 5


  • Get a quote if… You’re looking for a simple term, whole or no-exam policy
  • Choose a different provider if… You want to apply for a permanent policy besides whole life

18 to 60

Issue Age

$100,000 to $20,000,000


Not required for policies under $500,000

Medical Exam Required


Policies Term, Whole, Final expense, Guaranteed issue
Coverage maximum $20,000,000
Term lengths 10, 15, 20, 25, 30 years
Medical exam required Not required for policies under $500,000
Available states Not available in New York and Montana.
Issue age 18 - 60 years old


  • No-exam policies available
  • Online policy management
  • Potential to earn dividends
  • Financial strength


  • Not available nationwide
  • Can only apply for term policies online
Riders No info available

Review by

Katia Iervasi is a staff writer who hails from Australia and now calls New York home. Her writing and analysis has been featured on sites like Forbes, Best Company and Financial Advisor around the world. Armed with a BA in Communication and a journalistic eye for detail, she navigates insurance and finance topics for Finder, so you can splash your cash smartly (and be a pro when the subject pops up at dinner parties).

Expert review

If you’re looking for no-nonsense term or whole life plans, consider SBLI. The insurer offers competitive rates and accelerated underwriting for some applicants who want to skip the medical exam. But if you’re in less-than-perfect health, you might be able to find better life insurance rates elsewhere.

Best of 2021
Finder experts pick SBLI as a 2021 best brand for life insurance.

SBLI life insurance rates

We pulled 2021 rates for SBLI life for a $500,000, 20-year term policy for a healthy man and woman. Rates are less than average for men up until 45 years old for a policy of this size and term length, and up until 55 for women.


How to get a quote from SBLI life insurance

You can get a quote or apply for term life insurance online.

  1. Head to SBLI’s site and click Get your quote.
  2. Enter your personal information as well as how much coverage you’d like and your desired length of term. Then click Calculate your quote.
  3. You’ll then be presented with a quote. From there you can wait for a representative to call you, or you can click Start your application to begin the application process.
  4. If you choose to continue the application process online, next you’ll be asked to provide further personal information, including your driving history, smoking habits (if any) and any dangerous hobbies. Then click Next to enter your health info.
  5. Answer the health questions and click Next to submit your application.
  6. An SBLI life insurance professional will contact you within one business day to get further information, or you can give them a call at 888-630-5000. Your quote may change based on the additional information your provide.
  7. Once you’re approved, you can sign up at, where you can report a claim, download forms, make a payment and more.

What types of life insurance coverage does SBLI offer?

SBLI has a tight lineup of term, whole and no-exam policies.

  • Term life insurance. This policy is available in 10-, 15-, 20-, 25- or 30-year terms and in coverage amounts between $100,000 to $500,000. It comes with a conversion feature, which means you can upgrade to a permanent policy before a specific deadline.
  • Whole life insurance. The insurer’s whole life policy offers lifelong coverage and builds cash value over time at a fixed rate. The insurer offers a range of payment structures to suit policyholders’ budgets. You can pay level premiums for the life of the SBLI whole life insurance policy, or choose to pay your policy upfront or over the course of 10, 15 or 20 years.
  • Final expense insurance. This type of whole life policy is available for applicants between 50 and 80 years old, and never expires. It provides a lump-sum payment of up to $35,000 to your beneficiaries that can be used for funeral services, credit card debt, medical bills or any way your beneficiary chooses.
  • Accelerated underwriting. Open to those aged 60 or under, this policy offers up to $500,000 in term or whole life coverage — and most applicants are approved within a week.

What riders can I add to my policy?

Like most insurers, SBLI allows policyholders to personalize their coverage with riders. You might be eligible to add these extras to your policy:

  • Accidental death benefit rider. Pays out your death benefit and an additional face amount if you die as the result of an accident.
  • Accelerated death benefit rider. Pays up to half of your base death benefit up to $250,000 if you’re diagnosed with a terminal illness.
  • Child rider. Extends coverage to your children up to age 23, with the ability to convert to a permanent policy.
  • Guaranteed insurability rider. Allows you to purchase additional insurance at specified dates without having to take a medical exam.
  • Term insurance rider. Allows you to add additional coverage to your permanent policy for a specified amount of time.
  • Waiver-of-premium rider. Waives your policy premiums if you become disabled.

SBLI life insurance reviews and complaints

SBLI is accredited with the Better Business Bureau (BBB), and has an A+ rating for its customer engagement. The BBB has only recorded four complaints in the last three years, which is low for an insurance company of that size.

On TrustPilot, SBLI has 4 out of 5 stars, with many customers commenting on the efficient and personalized service. Some complained about billing issues and slower turnaround times.

AM Best financial rating A+
BBB accredited Yes
BBB rating A+
3.89/5 out of 18 customer reviews
Trustpilot score 4.2/5 out of 1,047 customer reviews
Customer reviews verified as of 26 October 2021

Compare life insurance companies like SBLI

Name Product Issue age Minimum Coverage Maximum Coverage Term Lengths Medical Exam Required
Policygenius - Life Insurance
18 - 85 years old
10, 15, 20, 25, 30 years
Depends on provider and policy
Compare 12+ top insurers side-by-side to get the best possible deal, and shop return of premium policies online.
Everyday Life
18 - 70
10, 15, 20, 25, 30, 35 and 40 years.
Ladder multiple life insurance policies to save on the coverage you need for all your debts.
18 - 60 years old
10, 15, 20, 25, 30 years
Apply for term life insurance in minutes and get an instant decision all online. Plus, you’ll get to skip the medical exam.
18 - 65 years old
2 - 35 years
Get a quote for term life coverage that you can adjust over time to match your financial needs. Or, track your debts with Wysh Tracker to automatically lower your coverage as you pay down debt.
20 - 60 years old
10, 15, 20, 25 or 30 years
No, for coverage up to $3M
Apply for term life insurance online without the medical exam. Get an instant decision and adjust your coverage at no charge.

Compare up to 4 providers

Frequently asked questions about SBLI life insurance

Life insurance ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

Our experts analyze life insurance companies to help you to find the strongest possible policy and premium for your family’s needs. We assess their financial strength, customer satisfaction, policy features and riders. We then give each insurer a score between one and five stars that reflects their offering and reputation in the industry.

Learn more about our methodology here.

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